Using the knowledge about business and accounting in general from your previous classes and the accounting review $,$ please answer the following questions:

What are some general things Sophia needs to understand for the business to be successful in the short$-$term $($i$.$e$.$ first $6-12$ months$)?$ Try to think of at least $2$ things for optimal short$-$term success.

What about long$-$term success $($after her first year$)-$ what should she generally know and do for long$-$term success in her own business? Try to think of at least $2$ things she should try to do for long$-$term success.

What are some accounting$-$specific items she should look out for as she runs her business? For example, what best practices should she follow as she engages in business transactions and tracks her business data? Think about documentation, procedures and processes, internal controls, etc. List at least $3$ accounting$-$specific items she should be aware of and implement.